DeeJays
commented on a stock · Nov 8, 2021 14:05
Tesla
$Tesla (TSLA.US)$ Mr Musk, one of the world's richest men, has yet to comment publicly on the verdict, or how and when he would sell his stake.Should he go ahead with the sale, it could leave him with a huge tax bill.
When disposing of large share holdings, some chief executives use so-called "blind" sales programmes, spreading the sale over a long time period to avoid accusations of insider trading.Mr Musk has an option, which expires in August next year, to buy 22.86 million Tesla shares at $6.24 each - a fraction of Tesla's closing share price on Friday of $1,222.
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walaihuat : Seems like Elon Musk will just get richer....